Property summary
This exceptional commercial property at 507 & 509 Smith Street, Grand Mound, IA 52751, presents a unique investment opportunity. The 2,400 square foot lot features a single building constructed in 1972, currently housing a thriving local bar business. Adding to the income potential are two attached one-bedroom apartments, each generating $600 in monthly rent. The sale includes all existing business fixtures and equipment, offering a true turnkey operation for a new owner. The property benefits from recent updates to the plumbing and electrical systems, ensuring efficient and reliable operation. Located in Clinton County, Iowa, this property offers a blend of established business income and rental revenue streams. The asking price is $170,000. This is an ideal opportunity for an investor seeking a profitable, established business with immediate rental income. The property's location in Grand Mound provides access to a local customer base and potential for growth. All aspects of the business are included in the sale, making this a seamless transition for a new owner. Don't miss this chance to acquire a well-maintained, income-generating commercial property.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight